anonymous Posted April 6, 2019 Share Posted April 6, 2019 https://biv.com/article/2019/04/canada-jetlines-delays-launch-until-december LOL. That's a picture of a 737 MAX7, not an A320... Canada Jetlines delays launch until December Ultra-low-cost carrier had planned to launch flights this summer By Glen Korstrom | April 4, 2019, 12:17pm Canada Jetlines initially planned to launch in 2015 | Canada Jetlines Aspiring ultra-low-cost carrier Canada Jetlines (TSX-Venture:JET) has delayed its launch and named December 17 as when it now plans to finally soar into the skies. Its shares plunged almost 29% to $0.42 early in the April 4 session before closing down close to 12%, to $0.52, by the end of the trading session. The company previously announced that it would get possession of two Airbus A320 aircraft by June, and the expectation was that it would launch flights immediately because it would be expensive to keep the two planes grounded. The airline's announced April 4 that it has scuttled that original deal to get the two Airbus A320 planes and that it has entered into a letter of intent with partner SmartLynx Airlines SIA to lease two alternate Airbus A320 planes that will be available for delivery in the fall. The partnership with SmartLynx comes as a result of a financial transaction that provides up to $15 million. Canada Jetlines also has a partnership to access up to $14 million with a Korean special purpose fund that is led and established by InHarv Partners Ltd. The later launch is not the first surprise that Canada Jetlines has had for shareholders this year. In February, it announced that it had changed its strategy for serving the Lower Mainland and would fly out of Vancouver International Airport (YVR) instead of Abbotsford International Airport (YXX). YXX had been Jetlines’ preferred airport because it has no airport improvement fee, and it has more affordable landing and terminal fees. YXX also recently enhanced its appeal to all airlines by opening an expanded terminal at the end of January. Canada Jetlines' move to YVR made sense to some because YXX already serves two ultra-low-cost carriers: Flair Air and the WestJet Airlines Ltd. (TSX:WJA) subsidiary Swoop. Canada Jetlines also explained that the move to YVR was because it is the second busiest airport in Canada, serving more than 25.9 million passengers in 2018, and it is the airport in the region with the largest catchment area. YVR has since won the Skytrax award as being the best airport in North America for the 10th straight year - an achievement that Canada Jetlines executive chairman Mark Morabito tweeted a congratulatory message about and said that the airport's high ranking is partly what persuaded Canada Jetlines to choose to fly out of that airport. Indeed, Canada Jetlines, in 2014, originally preferred to fly out of YVR as its Lower Mainland base. That was when they planned to launch in the spring of 2015. Plenty of executive changes followed and the company in 2016 vacated office space that it leased in the main terminal of YVR. gkorstrom@biv.com @GlenKorstrom Link to comment Share on other sites More sharing options...
J.O. Posted April 8, 2019 Share Posted April 8, 2019 Delaying launch? Can’t say I’m surprised. Link to comment Share on other sites More sharing options...
Kasey Posted April 8, 2019 Share Posted April 8, 2019 Maybe waiting for a yard sale on 738M's............. Link to comment Share on other sites More sharing options...
blues deville Posted April 8, 2019 Share Posted April 8, 2019 24 minutes ago, Kasey said: Maybe waiting for a yard sale on 738M's............. There could be a surplus? Link to comment Share on other sites More sharing options...
Kasey Posted April 9, 2019 Share Posted April 9, 2019 Yup, Boeing has a lot of 'splainin to do before this bird fly's the coop again......... Running outa room at Renton. Link to comment Share on other sites More sharing options...
Guest Posted June 12, 2019 Share Posted June 12, 2019 Yet another announcement, still awaiting the most important one. Day of startup etc. Jetlines Announces Granting of Slots at Vancouver International Airport Today, June 12, 2019, 4 hours ago | Canadian Aviation News Provided by Canada Jetlines Ltd./Globe Newswire VANCOUVER, British Columbia, June 12, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has been granted slots at Vancouver International Airport (YVR) to operate its first Winter Schedule. This announcement follows Jetlines’ February 7, 2019 news release announcing YVR as its home airport and primary base of operations when the Company intends to launch operations in December this year. The slots will permit Jetlines to operate up to ten flights per day and over 1,000 flights during the first winter season from December 17, 2019 to March 28, 2020 as the Company plans to grow commercial operations and offer service in time for the upcoming winter holiday season. The initial two Airbus A320 aircraft that Jetlines has secured through its partnership with SmartLynx will be parked at YVR airport nightly. Jetlines CEO, Javier Suarez, commented, “I am excited to share that all slots to operate our winter schedule have been awarded. It is significant for Jetlines as we work to commence operations out of Vancouver International Airport. The Airport operates at a very high capacity in the winter season, as travellers plan trips to see family and friends, or to go on a vacation. These slots will allow us to fly our first passengers for these special occasions at incredibly low fares – at a price point that most Canadians have not had the opportunity to fly at.” Jetlines selected YVR as their future base for operations due to it being the second busiest airport in Canada, serving more than 25.9 million passengers in 2018. It is also the busiest airport in British Columbia and the airport with the largest catchment area. The airport has more than 2.5 million people living less than 30 minutes drive from it. As well as it being the closest airport to Vancouver’s city center, the airport is also extremely well connected to the city by transit with a rapid transit rail. Jetlines ability to sell tickets and launch airline service remains subject to the completion of the airline licensing process, the receipt of applicable regulatory approvals and the completion of financing. Link to comment Share on other sites More sharing options...
Fido Posted June 12, 2019 Share Posted June 12, 2019 I doubt that they were 'slots' Link to comment Share on other sites More sharing options...
Maverick Posted July 25, 2019 Share Posted July 25, 2019 Jetlines calls out the lack of Canadian Airline Competition with First-Ever Protest in the Sky The ultra-low-cost carrier is encouraging Canadians to sign a petition to show they want increased competition and decreased airfares Canada Jetlines Ltd. Canada’s First Protest in the Sky — End Sky-High Airfares LINK TO VIDEO ASSET: https://www.globenewswire.com/NewsRoom/AttachmentNg/c2c4ca5f-be72-4fdf-8412-6d076d8dd6bd VANCOUVER, British Columbia, July 25, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”), the first ultra-low-fare carrier in Canada has staged a protest in the one place the airline duopoly think they own: the sky. Using four planes, 18 skydivers and the Jetlines CEO, an airborne protest was staged to call out the lack of Canadian airline competition. This act was to rally Canadians, investors and the Competition Bureau around the idea of increased competition and decreased airfares. The ultra-low-fare carrier is encouraging people to go to Jetlines’s website fightback.jetlines.ca/ and sign an online petition that will be presented to the Canadian Competition Bureau, the government agency that ensures markets operate in a competitive manner to prevent abusive monopolistic practices. While several airlines have attempted to enter the Canadian market, the duopoly has pushed them out with short-term match-pricing at prices below their avoidable costs. Thus far, Canada’s Competition Bureau has done little to rectify this issue. The Competition Bureau is currently investigating WestJet and their subsidiary new airline for “predatory pricing” to undercut new entrants. Under Canada’s competition laws, predatory pricing occurs when an incumbent with market power sets its prices below avoidable costs. “Canadians pay among the highest airfares in the world and we’re the only developed country without an ULCC as two high cost airlines control approximately 85% of the domestic market,” says Javier Suarez, CEO for Jetlines. “We know Canadians are fed up as there are between five and six million passenger trips per year by land over to the US each year to fly on US low cost carriers, based out of northern US airports, that in many cases only operate from those airports due to the robust Canadian passenger traffic. We’re urging consumers to go online and to show their support for more competition and lower fares in Canada.” The entrance of Jetlines has the potential to dramatically reduce airfares for Canadians on a long-term, sustainable basis. In just two decades, the ultra-low-cost carrier (ULCC) model has proven to be highly profitable and successful throughout the world. They generate economic growth but most importantly, they give consumers the freedom to travel more often. While more of these airlines are taking off, Canada has not tapped into the high demand for this kind of travel due to the anti-competitive environment of the existing Canadian duopoly. As a consequence, there is a lack of competition, that drives up prices, making consumers suffer. Jetlines is a publicly traded company, backed by a management team and board of directors with extensive experience in the low-cost airline industry. Jetlines expect to launch operations before the end of this year. The launch of airline operations is subject to receipt of regulatory approvals and completion of the remaining financing. About Canada Jetlines Ltd. Canada Jetlines is set to become Canada’s first true Ultra-Low Cost Carrier (ULCC) airline, with plans to operate flights across Canada and provide non-stop service from Canada to the United States, Mexico and the Caribbean. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. Jetlines is led by a board and management team with extensive experience and expertise in low-cost airlines, start-ups and capital markets. The Company was granted an unprecedented exemption from the Government of Canada that will permit it to conduct domestic air services while having up to 49% foreign voting interests. Jetlines ability to sell tickets and launch airline service remains subject to the completion of the airline licensing process, the receipt of applicable regulatory approvals and the completion of financing. For more information on Jetlines, please visit our website at www.jetlines.com. ON BEHALF OF THE BOARD"Mark J. Morabito" Executive Chairman https://www.globenewswire.com/news-release/2019/07/25/1887976/0/en/Jetlines-calls-out-the-lack-of-Canadian-Airline-Competition-with-First-Ever-Protest-in-the-Sky.html Link to comment Share on other sites More sharing options...
Guest Posted July 25, 2019 Share Posted July 25, 2019 Not sure what the heck this is all about other than getting free advertising. There is no barrier in Canada to creating a domestic airline except the usual one of $$$$$$. Link to comment Share on other sites More sharing options...
Super 80 Posted July 25, 2019 Share Posted July 25, 2019 The former Air New Zealand A320s they had claimed to have leased from AerCap are now in service with Onur Air in Turkey. Link to comment Share on other sites More sharing options...
blues deville Posted July 25, 2019 Share Posted July 25, 2019 Ducks are not yet in a row. Link to comment Share on other sites More sharing options...
CanadaEH Posted July 26, 2019 Share Posted July 26, 2019 Jetlines may go down as the biggest airline launch to never happen in Canadian history. Or the best airline to never fly and already have four (or is it five) CEO's. Or the "first ultra low fare carrier" in Canada to never sell a seat. Jeez. Link to comment Share on other sites More sharing options...
st27 Posted July 26, 2019 Share Posted July 26, 2019 Or just a big scam for the officers of the company.... Link to comment Share on other sites More sharing options...
J.O. Posted July 26, 2019 Share Posted July 26, 2019 14 hours ago, CanadaEH said: Jetlines may go down as the biggest airline launch to never happen in Canadian history. Or the best airline to never fly and already have four (or is it five) CEO's. Or the "first ultra low fare carrier" in Canada to never sell a seat. Jeez. 5 hours ago, st27 said: Or just a big scam for the officers of the company.... e. All of the above Link to comment Share on other sites More sharing options...
moeman Posted July 27, 2019 Share Posted July 27, 2019 Flight delay: Jetlines faces hurdles ahead of launch The Globe and Mail (BC Edition) 26 Jul 2019 STEFANIE MAROTTA Jetlines’ home base will be Vancouver International Airport. After years of struggling to launch its low-cost service, Canada Jetlines Ltd. set a new deadline earlier this year to launch in December. But five months ahead of that target date, the airline is still grappling with several barriers. Since its inception in 2013, Jetlines has repeatedly delayed its initial flights as it tries to raise money, lock down flight routes and airport slots and secure its airline licence. Jetlines chairman Mark Morabito said Canada’s concentrated airline industry, dominated by Air Canada and WestJet Airlines Inc., has made it hard for new competitors such as Jetlines to offer cheap airfare options. Other low-cost upstarts struggling to gain market share include Flair Airlines Ltd., currently locked in a competition dispute with WestJet after a year as a scheduled carrier, and Enerjet, a former oil-patch charter airline, that is planning to launch in December after years of trying to transform itself into a discount airline, previously branded as Jet Naked and FlyToo. Jetlines’ first launch date was set for the summer of 2014 with two planes flying out of Vancouver International Airport, to expand to 16 planes by early 2017. Jetlines continued moving dates and adjusting flight routes until it went public in March, 2017, listing on the TSX Venture Exchange after a reverse merger. Even after a leadership change and funding boost, Jetlines still found itself in a holding pattern. The company said it would launch in June, 2018, but it delayed again, citing aircraft lease negotiations. More than a year later, the airline announced it has scheduled a new launch date for Dec. 17 with Vancouver International Airport as home base using two leased Airbus A320s – which Jetlines says is still the plan. The fleet, it said, will grow to 23 aircraft by 2024. However, the airline cannot start selling seats until it receives its licence from the Canadian Transportation Agency, which requires the company to show that it has the cash to manage and operate a passenger airline. With the approaching deadline, Jetlines is running out of time. It has raised about $34-million to date, but needs an additional $40-million before launch, Mr. Morabito said, adding that investors are wary of investing in Canadian low-cost airlines in a market dominated by two major carriers. The largest investments that Jetlines has attracted this year came from InHarv Partners Ltd., a venture capital and private equity fund based in South Korea that provided $7-million, and Latvia-based SmartLynx Airlines SIA, which put up $7.5-million. Jetlines is also leasing its initial two A320s from SmartLynx. Mr. Morabito said WestJet’s expansion into the low-cost airline market through its Swoop carrier is impeding his company from attracting investment. In a report sent to the Competition Bureau earlier this year, Jetlines alleges that WestJet purposely targeted Jetlines’ proposed markets to stifle competition. “Investors are concerned that the dominant players in Canada will be able to engage in what is technically illegal predatory conduct,” Mr. Morabito said. “And that’s a concern because it means that no matter how much money you raise, they’ll just use their balance sheet to run you out of business.” With Swoop and Air Canada’s Rouge offering discounted airfares as others try to enter the industry, Toronto-based aviation consultant Rob Rennert said the tight market makes it difficult for new players – but that Jetlines has come up against its own headwinds as well. “I think Jetlines has its own issues in terms of getting its funding in place, but it’s also important to consider that they’re one of the first low-cost carriers that wants to make a mark on the Canadian marketplace,” Mr. Rennert said. The Competition Bureau launched an inquiry in December to investigate Edmonton-based Flair Airlines’ allegations that WestJet, through its Swoop brand, was offering seats on targeted routes at prices to press competitors out of the market. Jetlines hired Boston-based economic consulting firm Analysis Group to study Swoop’s pricing practices as part of Jetlines’ participation in the Competition Bureau’s inquiry. The Analysis Group report refers to past media coverage and aviation research and alleges that WestJet “acted in a way that is likely to have both substantially prevented and lessened competition.” WestJet declined a request to comment. Predatory behaviour is difficult to prove. The passenger and airline traffic data used to evaluate cases such as Flair’s in the United States are not widely available in Canada, leaving companies to rely on anecdotal evidence on flight patterns to make their case, Mr. Rennert said. CANADA JETLINES (JET) CLOSE: 45¢, UP 3¢ Link to comment Share on other sites More sharing options...
Guest Posted July 27, 2019 Share Posted July 27, 2019 As I said the only barrier to starting a new airline in Canada is $$$$$$$$$$$$$$$$$$$$$$$$$$$ Link to comment Share on other sites More sharing options...
Guest Posted September 30, 2019 Share Posted September 30, 2019 Jetlines Provides Financing Update Today, September 30, 2019, 2 hours ago | Canadian Aviation News Provided by Canada Jetlines Ltd./Globe Newswire VANCOUVER, British Columbia, Sept. 30, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is providing an update on its financing progress. The Company has made significant advancements towards launching commercial airline operations which have been detailed in prior news releases. Commercial agreements have been concluded with airports, suppliers, service providers and other key stakeholders. Jetlines has also made progress in the licensing process through the submission of operations manuals and licensing documents to Transport Canada and the Canadian Transportation Agency. However, the completion of the financing required to launch airline operations remains critical to Jetlines continued advancement and launch. With regards to financing efforts, Jetlines is currently discussing the opportunity with a number of institutions whose investments would be sufficient to launch operations. At this time, Jetlines’ partners at SmartLynx Airlines SIA and InHarv ULCC Growth Fund (“InHarv”) remain committed to seeing Jetlines through the financing process. Jetlines intent is to convert investor interest into financing commitments, but it cannot provide any assurances that this will occur. Jetlines will provide further updates to the market with respect to its financing efforts through future news releases. Link to comment Share on other sites More sharing options...
xxx Posted October 1, 2019 Share Posted October 1, 2019 Now to find some of those pain in the axx experienced pilots who like training bonds. Ones who like to work a lot until they can get hired by the two largest Canadian airlines or overseas gigs. Then they hope to be bought out by said larger airlines. Link to comment Share on other sites More sharing options...
moeman Posted October 1, 2019 Share Posted October 1, 2019 Quote Jetlines intent is to convert investor interest into financing commitments, but it cannot provide any assurances that this will occur. I intend to retire a multi-millionaire, but I cannot provide any assurances that this will occur. Link to comment Share on other sites More sharing options...
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